Faster Payments: State of the Nation
With Same Day ACH and The Clearing House’s Real-time Payments approaching, faster payments are becoming a reality in the U.S.
Boston, June 22, 2016 – While in other countries around the globe various forms of faster payments systems have been successfully implemented, many through central bank or government mandate, the U.S. Federal Reserve is taking a facilitative approach by publishing its “Faster Payments Effectiveness Criteria” and encouraging various industry parties to develop solutions to fulfill them. Who will be the innovators of real-time payments in the U.S.? And who will be impacted?
This report discusses how this activity from the Federal Reserve, along with activity from The Clearing House and many other payments stakeholders, will dramatically change the way we pay. It is based on interviews with a number of leading payments experts, most involved directly with the Federal Reserve’s task forces, or members of these task forces’ steering committee.
This 30-page Impact Report contains one figure and five tables. Clients of Aite Group’s Wholesale Banking & Payments service can download this report.
This report mentions ACI Worldwide, Bottomline Technologies, D+H, Dwolla, Early Warning, clearXchange, Earthport, Federal Reserve Bank, FIS, Fiserv, Jack Henry, Ripple Labs, The Clearing House, and PayCommerce.